Earnings from AGNC Investment Corp. [AGNC] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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AGNC Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.63 per share on revenue of $298.8M. Taking a look at the future, the company is projected to report revenue of $299.1M at an earnings per share of $0.6 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 7.00% in revenue and -0.78% in earnings per share for the company.
AGNC Stock Earnings Forecast For The Current Year
For the full financial year, AGNC Investment Corp. [NASDAQ:AGNC] is forecasted to generate revenue of $1.21B. The figure is about $365.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.42 in 2021, which is -$0.29 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -10.70% this year, -0.80% next year, and -0.05% annually over the next five years. With regard to sales, forecasts suggest an incline of 43.00% in current fiscal year and 7.00% over following year.
AGNC Stock Price Performance
At a last check today, AGNC Investment Corp. [NASDAQ:AGNC] finished down -0.06% at $17.46. The stock’s day high price was $17.54, and its lowest was $17.30. Its price fall -0.06% in the last five days. Since the beginning of the year, AGNC Investment Corp.’s shares are up nearly 11.99%. However, the share price is -0.46% below its one year high. The top price reached by the shares of the company was $17.54 on 04/23/21, while the 52-week low came on 01/04/21, when the shares were $15.23. In the past year, shares of the company have risen 41.34%. At 50 days, the moving average achieved is $16.70 while at 200 days, the moving average is $15.15. There were 3.25 million shares traded in the last session, down from 4.93 million in the previous session.
AGNC Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 17.46 level, and the violation of this level will cause a further drop to 17.33 level. At the upper end, 17.81 remains a key resistance. As the stock increases, it may find resistance at 17.68. In the 14-day chart, the Relative Strength Index standing at 65.17 suggests a technical neutral stance while the MACD standing at 0.14 indicates price will decrease in the next trading period. Stochastic %K at 86.52% suggests selling the stock while Percent R indicator at 10.23% suggests bullish price movement.
How much is the short interest in AGNC Investment Corp.?
There have been a drop in short interest in the AGNC Investment Corp. Financial stock, with short interest up by 0.19 million shares to 10.12 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 10.31 million shares. This -1.88% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.95% of the overall float in the stock, while the stock’s days to cover moved to 1.34.
How do analysts view AGNC Investment Corp.?
In regard to the share price forecast for AGNC Investment Corp. stock, the analysts, as surveyed by FactSet, forecast the price to reach $17.00 in the next twelve months, representing almost an -2.71% growth from its recent price of $17.46. Among AGNC Investment Corp. stock projections, $18.00 is the highest analyst target for the stock, while $16.00 is the lowest. Despite this, 15 analysts who share their consensus rating for AGNC in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/22/21, when JMP Securities Ratings launched coverage of the stock at “Market Outperform” and assigned a price target of $16.5.